ASX announcement - Disclosure of Market Activity and Operating Revenue for the Nine Months Ended 31 March 1999

15 April 1999

To assist investors in their assessment of the factors affecting ASX’s businesses, ASX advises that revenues and market activity levels for the nine months ended 31 March 1999, compared to the results for the six months ended 31 December 1998 and the quarter ended 31 March 1999, were as follows:

Factor Actual 6 months to 31 Dec 1998 Actual 3 months to 31 March 1999 Actual nine months to 31 March 1999
Operating revenue excluding interest ($m)

72.2

38.6

110.8

Number of new listings

32

7

39

Number of listed entities

1,239

N/A

1,224

Equities trading, clearing and settlement:
- Trades (’000) 3,611 2,188 5,799
- Fees per equities trade $6.22 $5.98 $6.13
Options trading, clearing and settlement:
- Contract trades (’000) 4, 132 2,428 6,560
- Fees per contract traded

$1.84

 $1.83 $1.84
Warrants:
Number of new warrant series 143 110 253
Total warrant series 423 N/A 433
Interest rate per annum

5.1%

5.1%

5.1%

 As indicated in statements made to the market on the release of ASX’s half-yearly results, if the current market activity levels continue, the second-half profit is likely to be even higher than in the first half. However, ASX revenue tends to be cyclical and dependent on trading volumes and market dynamics, and there is no certainty the current conditions will continue.

For convenience, daily volumes for equity trades, options contracts and warrant trades will be available on the investor relations page of ASX’s website (http://www.asx.com.au) from 19 April 1999.